Call us now: +91.80.67586758
Slide 4Slide 3Slider 2Slide 1

Query & Response

Q I understand the Service Tax rates are proposed to be increased with the 2015 Budget. Has this been effected and how does it work ?

The service tax rates have been increased to 14% w.e.f. 1-Jun-2015.

If any 2 out of 3 events, i.e, date of service performed, date of invoice or date of payment happen before 1-6-2015, the service tax rate to be applied is 12.36%. If any 2 out of these 3 events happen after 1-6-2015, the service tax rate to be applied is 14%